Power of attorney (POA) is the authority to act on someone else’s behalf. “POA” is also the name for the document giving someone POA. Anyone having surgery, for example, especially under general anesthesia should think about making a health care POA in case someone...
Month: November 2019
Getting control with the revocable trust
A revocable trust, some like to say, is the savvy person’s alternative to a will. Like a will, you can change it as often as you like, adding or removing beneficiaries or assets at any time. By funding a revocable trust, you set assets for a quick-release when you...
What do you do with a will after you make one?
Making a will is a big event. Like getting married, buying a house or having a child, it can make you feel like you have truly reached adulthood. And like those other events, it often leaves people wondering, “What now?” A will needs occasional attention as your...
Having second thoughts about a guardianship?
In an estate plan, a very critical component is the future of your children. While nothing is ever guaranteed, having a solid foundation of support and assistance for a child can make a huge difference. One of the big questions that comes with this is: who will be the...
What happens if you die without a will in Minnesota?
Drafting a will is the least complicated and thoughtful way to make sure your possessions are passed along according to your wishes. Dying without a valid will in place means the Minnesota court system will decide who inherits your assets. The state’s intestate...
A will in Minnesota can include burial instructions
Films and television programs often show families gathered for the reading of a will. It always reveals a stunning plot twist. Although real-world wills are often less surprising, they can be personal, emotional and result in legally meaningful rights and obligations....
Estate planning now can prevent the need for conservatorship
It’s a terribly sad story. The Vocino case from New Jersey is an example of the many things that can do wrong when you attempt to gain conservatorship or guardianship over a loved one who opposes the move. Here in Minnesota, conservatorship is a proceeding that...